Discount Real Estate Brokers Here's what they don't tell you and what you should know about listing your home with a discount real estate broker...
While discount real estate brokers/agents claim to save you
thousands in commission while selling your home,
some fail to inform you that the increased exposure you can receive by listing
with a non-discount broker can not only account for the difference in
commission, but put more $$$ in your pocket after
selling expenses are paid.
Some
even go so far as to indicate that there is a generally accepted commission
charged for a real estate transaction (this is untrue... they know that real
estate commissions are negotiable, but they lead you to believe that all full
service brokers/agents charge 6%). A very deceitful practice if you ask
me. Their claimed "savings" is always based upon the assumption that if
you hired a full service agent, you'd pay 6%.
Key point to remember: When you choose a discount real estate broker to list
your home, you
risk not reaching
the buyer who
will offer the most $$$.
Some Realtors®
prefer not to show & sell listings offered by
discount brokers due to the reputation they have within the real estate
community for offering inadequate compensation to the buyers' agent for bringing
a buyer to the deal. Example: The home buyer who
may offer you the most for your
home may be working with one of these Realtors®,
and if their Realtor®
chooses not to show your home... you won't be receiving an offer from them.
In other words, don't lose a lot of money by
trying to save a little. Many home sellers list their home with a discount
broker and after being
unsuccessful, hire a full-service, non-discount broker
which
subsequently provides the service and result they expected in the first place.
Knowing this, it isn't surprising that some discount brokerages claim that
their agents are salaried. Here again is another detriment to a seller
working with a discount broker/agent: Their salaried agents get paid....
ready?.... EVEN IF YOUR HOME DOESN'T SELL! In other words, their salaried
agents don't have a vested interest in the successful sale of your home, whereas
the full service broker/agent must sell your home at the sellers' desired terms
before he/she makes a penny!
Do yourself a favor, hire a full service
broker/agent to represent you in the marketing and sale of your home. The
additional dollars you invest for the assistance of an expert will come back to
you several times over.
A message from
Homefindinginfo.com:
The above information appears especially
notable during a slow real estate market as we're seeing throughout the country
right now.
If you'd like to share a story about your experience with a real estate brokerage,
whether it be Homefleet, Help-U-Sell, Assist2Sell, or a national discount company,
please tell us.
We always strive to inform the public about any
information which
may be useful to them during the decision making process.
REALTOR® is a registered trademark of the National
Association of REALTORS®.
Homefleet registered status for Homefleet was abandoned as of 6-13-2002 after
assignment to
examining attorney/US Patent Office.
Help-U-Sell® is a registered trademark of Realty Information Systems, Inc.
In order not to
cause confusion, mistake
and/or deception among consumers as to source, endorsement or
sponsorship, please be advised that the preceeding
information is an op/ed piece
submitted and does not necessarily reflect the views of Homefindinginfo.com.
People who search
for
articles and information
about Discount
Real Estate Brokers may
also search for any of the following. We make no claim as to the broker discount
or non-discount status of the following companies...
Help-U-Sell®
Homefleet
Assist 2 Sell®
Homerebate®
Help-U-Sell® is a National discount broker. Homefleet is a California broker. Homefleet
operates primarily in Southern California.
